How to Write a Letter of Intent
A letter of intent is a way of formalizing the terms of a verbal agreement between two parties without signing a contract. Here's how to write one.
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You Will Need
- Verbal agreement
- Parties to the agreement
- Valid dates for the agreement
- Termination conditions
- Understanding about binding terms
- Request for a reply
- Terms and conditions (optional)
Steps
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Step 1
State terms clearly
Spell out the essential elements of the verbal agreement you have reached with the other party.
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State clearly all significant terms and conditions in the agreement, including services to be provided and fees to be paid.
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Step 2
Identify all of the parties
Identify all of the parties subject to the agreement.
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Step 3
Specify dates
Specify the beginning and ending dates of the period for which the agreement is to remain valid.
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Step 4
Include a termination statement
Include a statement explaining how the agreement can be terminated.
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Step 5
Add a statement about the agreement being binding
Add a statement that both parties understand they are entering a binding agreement -- if that is in fact the case.
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Step 6
Request a reply
Request a reply if the other party does not agree that the letter accurately reflects the verbal agreement. Then sit back knowing that you have clearly stated the terms of your agreement.
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The medieval period is considered by some scholars to be the golden age of European letter writing manuals.
